Walmart India ties up 20 sites, new stores to open next year

Walmart India has signed 20 new sites for new stores and will start opening them from the next year, a company official has said.

The company, which runs 21 Best Price wholesale stores in nine states, has already started work in some of the new projects.

“As we speak, we have signed nearly 20 sites as well and we are well on our way to be on meeting the commitment and



targets which we have,” Walmart India President and CEO Krish Iyer told PTI on the sidelines of the CII retail summit.

Asked about the timeframe for opening the new stores, he said: “We have some ground breaking and we would start seeing new stores from the next year.”

Walmart has plans to add 50 new stores by 2022 to take the total store count to 70.